Underemployment and its impact on workforce
An untold number of people are underemployed in the number of hours they work, but also in the use of their skills. Their labor remains untapped and companies do not access the greatest breadth of talent available to them. Changing this trend in the labor market begins with understanding what underemployment is and why it is important. In this article, we outline the terminology and recent history of underemployment in the United States to provide a backdrop for our series on underemployment issues that are affecting the current labor market.
This Point of View highlights the need to increase data literacy as a core learning objective at the high school and college levels. It also explores factors that will be essential to the success of US economy in the near future.br>
Current low levels of unemployment seem reassuring but do not account for the rate of underemployment. It is difficult to determine levels of underemployment
but it is something that significantly impacts the productivity of the current labor market.
Talentworks Recruitment Search Group found that “61% of all full-time ‘entry-level’ jobs require 3+ years of experience 1, which may seem like a Catch-22 situation for graduates fresh out of college.
Having a dynamic labor force is a self-evident advantage for both the economy and companies themselves.
A new age is upon us. The fourth industrial revolution—or Industry 4.0 for short—is the name given to the current trend in technological advancements that interact with the physical world.
Explore new data and industry trends that support perspective
Our Points of View series highlights thought leadership from Newmark Knight Frank’s Global Consulting Services practice. Here, explore new data and industry trends that support perspective pieces by consulting leaders across NKF.
It is difficult to find workers for almost any blue-collar job in this economy. What does that mean for small towns and rural areas where the problem is even more acute?
Bain & Company (2017) estimate that Business-to-Business Internet of Technology (IoT) applications will be worth over $300 billion by 2020. This presents a sizeable business opportunity.
There has been a dispersal of tech jobs in the U.S. in recent years which is likely to determine where the jobs may be growing and shrinking in the future.
AI is a family of technologies that can be categorized in five broad terms: natural language, virtual assistants, robotic process automation (RPA), machine learning and computer vision.
About Global Knowledge Center
The Global Knowledge Center is the Industry Intelligence unit of Newmark Knight Frank. The Global Knowledge Center researches trends in the labor market, workplace variables, and the economics of geography to develop industry insights that shape strategic management decisions.